| Notes | The Mastercard Biometric Card combines chip technology with biometrics to conveniently and safely identify cardholders for card-present, point-of-sale (POS) transactions. This card leverages the newest biometric technology, allowing it to work at EMV terminals worldwide, with no need for hardware or software upgrades. How the Technology Works 1. Howdoesthecardwork? When shopping and paying in-store, the Biometric Card works like any other chip card. The cardholder simply dips/taps * the card into/on a retailer’s terminal while placing their finger on the embedded sensor. The fingerprint is verified against the temp late and—if the biometric match is successful and the transaction is authenticated then there is no need for the cardholder to provide a signature or pin. 2. IstheBiometricCardthesamethicknessasastandardpaymentcard? Yes, the new card meets all payment card standards. 3. WhataretheterminalrequirementsforMerchantstoacceptthecard? The solution requires no changes for acquirers or merchant hardware or software as it is compatible with any type of EMV-enabled terminal that has satisfactorily completed the Mastercard Terminal Integration Process (TIP). Below are terminal guidelines to ensure an optimal cardholder experience at the POS for the contact version of the Biometric Card. Merchants should ensure that their terminals are: EMV-enabled Customer-facing Accessible to cardholders Designed so that the card sensor is not blocked from use 4. Whatarethebenefitsformerchants? While stakeholders, economics and opportunities may differ, when it comes to preserving revenue, lowering decline rates of good cardholders and ensuring efficient operations are top priorities for merchants —with the majority indicating that innovative technology is crucial to enhancing security. Merchants should be aware that with the Mastercard Biometric Card: No changes are needed to the software or hardware of a merchant’s POS terminal in order to process Mastercard Biometric Card transactions. The biometric authentication process is as fast as PIN but saves the cardholder the effort of entering the PIN digits into the terminal’s key pad. |